https://www.miningweekly.com

Harmony on track to deliver FY18 guidance

Harmony Gold Mining CEO Peter Steenkamp

Harmony Gold Mining CEO Peter Steenkamp

2nd May 2018

By: Marleny Arnoldi

Deputy Editor Online

     

Font size: - +

JOHANNESBURG (miningweekly.com) – Harmony Gold Mining is on track to meet its production guidance of 1.18-million ounces for the 2018 financial year.

CEO Peter Steenkamp on Wednesday said Harmony’s performance in the fourth quarter of the 2018 financial year, to end June 30, will be boosted by the inclusion of Moab Khotsong and higher production at Hidden Valley, where production is ramping up.

Moab Khotsong became part of the Harmony asset portfolio last month. The integration of Harmony’s information technology systems, management and operating processes at the operation is progressing well, reported Steenkamp.

Following the inclusion of Moab Khotsong, Harmony increased its gold production guidance from 1.1-million to 1.18-million ounces.

Production and grade guidance for Moab Khotsong for the four months ending June 30 is 80 000 oz and 8 g/t, respectively.

The all-in sustaining cost guidance for the full-year remains at R520 000/kg.

Meanwhile, Harmony’s production, excluding Moab Khotsong, was steady at 816 663 oz for the nine months ended March 31 – up by 1% compared with the nine months ended March 31, 2017.

The company’s underground grade was 3% higher at 5.19 g/t and cash operating costs were contained at R433 502/kg.

Edited by Chanel de Bruyn
Creamer Media Senior Deputy Editor Online

Comments

Showroom

Hanna Instruments Image
Hanna Instruments (Pty) Ltd

We supply customers with practical affordable solutions for their testing needs. Our products include benchtop, portable, in-line process control...

VISIT SHOWROOM 
Weir Minerals Africa and Middle East
Weir Minerals Africa and Middle East

Weir Minerals Europe, Middle East and Africa is a global supplier of excellent minerals solutions, including pumps, valves, hydrocyclones,...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Mining Weekly Editor Martin Creamer
Copper shares soar and green hydrogen goes digital
26th April 2024
Magazine cover image
Magazine round up | 26 April 2024
26th April 2024

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.083 0.119s - 88pq - 2rq
1:
1: United States
Subscribe Now
2: United States
2: